Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Marketaxess Hldgs Inc (MKTX)

389 + Investors. Track Smart Money conviction in MKTX. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -52
Streak
2Q ▼
Buyers last Q
41%

Smart Money Signals — MKTX

Based on 395 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their MKTX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 76% of 3.0Y peak

76% of all-time peak
395 funds currently hold this stock — 76% of the 3.0-year high of 523 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 24% fewer funds vs a year ago

fund count last 6Q
128 fewer hedge funds hold MKTX compared to a year ago (-24% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 41% buying

192 buying280 selling
Last quarter: 280 funds reduced or exited vs 192 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~58 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 63 → 123 → 62 → 58. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 20% medium ■ 17% new
249 out of 395 hedge funds have held MKTX for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +19%, value -24%

Value
-23%
Shares
+19%
Last quarter: funds added +19% more shares while total portfolio value only changed -24%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

87 → 63 → 123 → 62 → 58 new funds/Q
New funds entering each quarter: 63 → 123 → 62 → 58. MKTX is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 71% veterans vs 18% newcomers

■ 71% veterans ■ 11% 1-2yr ■ 18% new
Entry-cohort mix of 411 holders: 290 (71%) are 2+ year veterans, 46 entered 1–2 years ago, and 75 (18%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 59% AUM from top-100 funds

59% from top-100 AUM funds
58 of 394 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in MKTX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.7
out of 10
Low Exit Risk
Exit risk score 2.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — MKTX

In 2026 Q2, 192 hedge funds were net buyers of MKTX (58 opened a new position, 134 added to an existing one), while 280 reduced or exited (170 trimmed, 110 sold completely) — a 41% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 59% of total institutional value in MKTX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -52 funds (more exits than new entries). Total institutional holders: 395.

Hedge Fund Ownership: MKTX

How many hedge funds hold MKTX — quarterly history vs. share price
Quarterly hedge fund ownership of MKTX vs. share price

Market Analysis: MKTX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: MKTX

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Marketaxess Hldgs Inc (MKTX) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much MKTX has moved relative to its sector benchmark (XLF) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 85d ago
MKTX
+44.0%
XLF
+4.6%

MKTX outperformed XLF by +39.4% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 40d ago
MKTX
+1.0%
XLF
-3.5%

Since the filing became public, MKTX outperformed XLF by +4.5% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

13 top-rated funds 1 high-conviction
Consensus
5.0
/ 10
breadth
×
Elite
2.0
/ 10
conviction
Hedge Fund Positioning: MKTX
389 + Investors

Track Smart Money conviction in MKTX. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 389 447 -12.98%
13F Shares 41M 39M 6.71%
Total Value $4.63B $6.12B -24.37%
New Positions 57 62 -5
Increased Positions 129 178 -49
Closed Positions 114 94 +20
Reduced Positions 164 152 +12
Total Calls 10 7 42.86%
Total Puts 7 3 133.33%
PUT/CALL Ratio 0.7 0.43 Neutral

Statistics: MKTX

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
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Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

389 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in MKTX. Verified SEC 13F-HR filings.

QUARTER:
Top 25 MKTX holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Corebridge Financial, Inc. 100.00% 38,650 $4.2M
2 North Reef Capital Management LP 14.77% 3,395,000 $385.3M
3 GUARDCAP ASSET MANAGEMENT Ltd 4.42% 536,324 $62.2M
4 Azora Capital LP 2.45% 513,081 $58.2M
5 RDST Capital LLC 2.32% 247,112 $28.0M
6 Davis Asset Management, L.P. 1.44% 500,000 $56.7M
7 Wilson Asset Management (international) Pty Ltd 1.40% 45,042 $5.1M
8 Sone Capital Management, LLC 1.34% 155,522 $17.7M
9 Robertson Opportunity Capital, LLC 1.27% 28,830 $3.3M
10 Van Den Berg Management I, Inc 1.25% 52,054 $5.9M
11 Alpha Omega Wealth Management LLC 1.06% 61,453 $7.0M
12 Taylor Hoffman Capital Management LLC 0.99% 35,895 $4.1M
13 Invenomic Capital Management LP 0.61% 90,441 $10.3M
14 FJ Capital Management LLC 0.55% 37,237 $4.2M
15 Heartland Advisors Inc 0.53% 104,926 $11.9M
16 Parvin Asset Management, LLC 0.48% 5,425 $616K
17 Crawford Fund Management, LLC 0.44% 25,500 $2.9M
18 Champlain Investment Partners, LLC 0.40% 136,087 $15.4M
19 denkapparat Operations GmbH 0.39% 10,562 $1.2M
20 Cooke & Bieler LP 0.31% 238,755 $27.1M
21 Primecap Management Co/Ca/ 0.24% 3,504,905 $397.8M
22 EntryPoint Capital, LLC 0.23% 1,692 $339K
23 Fieldview Capital Management, LLC 0.18% 5,602 $636K
24 Stiles Financial Services Inc 0.17% 5,992 $680K
25 PDT Partners, LLC 0.17% 28,171 $3.2M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Marketaxess Hldgs Inc (MKTX)

What does the Smart Money Trend signal show for MKTX?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their MKTX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for MKTX?

More sellers than buyers — 41% buying: Last quarter: 280 funds reduced or exited vs 192 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for MKTX holders?

Elite ownership — 59% AUM from top-100 funds: 58 of 394 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in MKTX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held MKTX?

63% of holders stayed for 2+ years: 249 out of 395 hedge funds have held MKTX for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Marketaxess Hldgs Inc (MKTX) following the 2026 Q2 hedge fund 13F filings?

As of today, MKTX has moved +1.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to -3.5% for the XLF sector ETF — an outperformance of +4.5%. Since the quarter end (June 30, 2026), MKTX has gained +44.0% vs +4.6% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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